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Keep abreast of significant corporate, financial and political developments around the world. While at American Express,Rathiwas named Top Woman in Cloud Innovation in 2014, and Most Influential Women in Payments in 2015. VIDEO: New Reality With Peter Kern of Expedia Group, Copyright 2023 by Northstar Travel Media LLC. By May 2020, the travel company had raised more than $3.2bn in funding with $1.2bn coming from the private equity groups Apollo Global Management and Silver Lake who were temporarily given seats on the board. Expedia, the biggest player in international and big city travel, relies heavily on families looking to book hotels, flights and car rentals. Now the company is emerging from the pandemic into an equally uncertain world. In this role, he leads the people and culture strategy for the company, including attracting and retaining talent, creating an inclusive and diverse workplace, and continuously improving the employee experience. Where previous experience did pay off was raising the emergency cash that Expedia needed to survive the pandemic. All Rights Reserved. Mr. Dzielak has served as Expedia Groups Chief Legal Officer and Secretary since March 2018, previously serving as its Executive Vice President, General Counsel and Secretary since April 2012. The hotel business has kind of followed the trends of the world. Expedia Group Inc. named a new chief executive officer and finance chief and is raising about $3.2 billion to shore up its finances after virus lockdowns decimated the travel industry . Vice Chairman and Chief Executive Officer, Chief People, Inclusion & Diversity Officer, Chief Technology Officer and President, Expedia Product & Technology, President and Chief Executive Officer of BECU, Chief Financial Officer, JBG Smith Properties. Rathihas held senior technology leadership roles at some of the worlds best technology companies including eBay, Inc., Yahoo, Sun Microsystems and WebMD. Mr. Khosrowshahi served as the Chief Executive Officer of IAC Travel, a division of IAC, from January 2005 to the IAC/Expedia Group Spin-Off date. His salary was around. Solugen Bio has built a chemical plant that produces all manner of chemical-based products using bio-based feedstock instead of fossil fuels. There is only winning or learning. So, we'll let others focus on the particular service needs of corporate players and instead focus on the underpinnings, the core tech stack and the core supply that could power all these people. Previously, Beverly led in executive roles defining and executing growth strategies at Wells Fargo and American Express. As the Chief Executive Officer and Vice Chairman of the Board of Expedia Inc, the total compensation of Peter Kern at Expedia Inc is $1,924,500. He serves on the boards of The Coca-Cola Company and MGM Resorts International. Ms. Whalen also serves on Expedia Groups Board of Directors, a position she has held since 2019. Previously, Mr. Khosrowshahi served as the Chief Executive Officer and President of Expedia Group from the completion of the IAC/Expedia Group Spin-Off until August 2017. I knew what we needed to deliver and had negotiated more than my share of those deals, Kern says. I like to take on elements and traits that fit me from the different leaders I respect. Kern says his staff needed ongoing love. From March 2010 through May 2013, Ms. Clinton served as an Assistant Vice Provost at New York University, where she focused on interfaith initiatives and the universitys Global Expansion Program. Earlier in his career, Mr. Altman co-founded Loopt, Inc., a provider of mobile location-based services, and served as its Chief Executive Officer until it was acquired by Green Dot Corporation in March 2012, after which he held a number of senior executive positions at Green Dot, including Executive Vice President, Mobile Products and Technology, through December 2013, and served as a member of its Board of Directors from March 2013 through April 2016. U.S. government bonds prices have been hit by inflation, fears of persistent high rates. Previously, Mr. Kern was . Evidence from airlines such as United, which said in April that it expected record quarterly revenues in the three months to the end of June, would suggest as much. Last updated: 17 February 2023 at 6:45pm EST. Skift Travel Health Index: January 2023 Highlights, Online Travel Booking Trends During the Pandemic. Prior to joining Paramount, Mr. Diller served as Vice President of Prime Time Television for ABC Entertainment. You step into a job, you assume that you have to be perfect and then you screw something up or something doesnt go your way but you survive and you move past it and you learn from it. He currently serves on the Board of Directors of all three companies and as Chairman of Helion and Oklo. Kerns strategy: fewer people organised around clearer goals. 02:48 - Source . On Halloween 2020, Expedia chief executive Peter Kern was wearing moose antlers and reading bedtime stories over Zoom to his employees children. Its most akin to how I see my challenge at Expedia. Mr. von Furstenberg has served as a member of the Board of Directors of IAC since 2008, Liberty Expedia Holdings since November 2016, La Scogliera, an Italian financial holding company, since December 2016 and served as a member of the board of directors of W.P. Rathihas extensive technology and engineering experience and has spent most of her career developing and building platforms and products for emerging technologies. personalising content and ads, providing social media features and to They want to. Mr. From hotels and vacation rentals to airlines, financial institutions, travels agents and more - this fast-growing division helps partners connect with new travelers, deliver valuable services, and drive performance. Expedia, Inc., an Expedia Group company. Gieselman is an inspiring, transformational leader with more than 30 years experience, building award winning marketing teams across consumer products, retail, media and tech. According to Peter Kern, the vice chairman and CEO, his . Before joining Microsoft, she was a consultant with the Boston Consulting Group, both in San Francisco and in Paris. He has been vice chairman since 2018, and a board member since 2005. There are opportunities to use machine learning and other tools to make the experience better and better and better and iterate on it instead of iterating on narrow pieces of it. Any changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel. Domestic was tremendously strong for us. The oldest executive at Expedia Group Inc is Barry Diller, 79, who is the Exec. And that's a problem for the travel industry. Founder and Chief Investment Officer, Ranger Global Advisors, LLC, Partner, Hansen, Jacobson, Teller, Hoberman, Newman, Warren, Richman, Rush, Kaller & Gellman, LLP. Beverlys career and leadership recognitions include American Bankers 23 People Who Will Matter in Banking in 2023, Black Enterprises Most Powerful Women in Corporate America, CardLinxs Top 20 Women in Digital Commerce, and the Kenneth A. Powell Award for Professional Achievement from the Harvard Business School African-American Alumni Association. He has sat on Expedias board since 2005 when it was spun out of the media conglomerate IAC. I think we'll be coming out of this meaningfully improved as an industry, starting next summer. Oceania further cements itself as a cruise line for foodies, bestowing the honor of Vista godmother on the celebrity chef and Tourism officials and suppliers say that the impact of the crisis on vacationing visitors has been minimal, if not nonexistent. from The John Marshall Law School. When it comes to the ratio of the CEOs salary to median employee compensation, excluding the CEOs compensation, at each company, Expedias was 2,897 to 1; Bookings was 931 to 1; Tripadvisors was 76 to 1; and Airbnbs was .65 to 1. USPS, under pressure on costs, contracts trucking companies at cut rates and pushes them to meet aggressive delivery schedules. And then we can have really good people to solve harder problems at a higher rate, in a faster way. Email*. Peter Kern was born on 13 February, 1949 in Vienna, Austria, is an Actor, Director, Writer. From April 1994 to July 2004, Mr. Dolgen served as Chairman and Chief Executive Officer of the Viacom Entertainment Group, which primarily included Paramount Pictures and Paramount Television, Paramounts regional theme parks, motion picture theaters, and book publishing operations. series is Peter Kern, CEO and. Now, there is one centralised marketing hub working on all the Expedia brands. Expedia, Expedia Group, Expedia Group in 2021 awarded vice chairman and CEO Peter Kern a $296 million compensation package, outpacing all his peers by an order of magnitude, and reportedly making him the third-highest . . He also served on the board at Televicentro of Puerto Rico LLC and Thomas Nelson, Inc. Mr. von Furstenberg currently serves as Chief Investment Officer of Ranger Global Advisors, LLC (Ranger), a family office focused on value-based investing, which he founded in June 2011. The latest news about online travel delivered weekly to your inbox. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. A lot of work still has to happen to realize on that, but that's a big push. Expedia family of travel brands includes: Brand Expedia, Hotels.com, Expedia Partner Solutions, Vrbo, Egencia, trivago, HomeAway, Orbitz, Travelocity, Hotwire, Wotif, ebookers, CheapTickets, Expedia Group Media Solutions, Expedia Local Expert, CarRentals.com, Expedia CruiseShipCenters, Classic Vacations, Traveldoo, VacationRentals.com and SilverRail. In some he read bedtime stories to the children of frazzled staff. Ms. Menendez Cambo has served as Deputy General Counsel of SoftBank Group International and General Counsel of the SoftBank Latin America Fund since May 1, 2019 and General Counsel of the SoftBank Opportunity Fund since July 2020. [We sold Egencia to American Express Global Business Travel] not because we thought corporate travel would lag. New York City got totally killed, but Hawaii was awesome, Florida was awesome. Peter Kern joined Expedia Group in 2005. One of the companys new values is Choose Fearlessly. Mr. Kern has spent decades in leadership roles in public and private settings. We've always been stronger in big destination cities, Vegas, things like that, and some got hit during Covid. and other data for a number of reasons, such as keeping FT Sites reliable and secure, from Cornell University and a J.D. Prior to Gap,Rathiwas CIO for Enterprise Growth at American Express, where she managed end-to-end platform technology, infrastructure and operations for the suite of American Express pre-paid products. Mr. Jacobson is a founding partner at the law firm of Hansen, Jacobson, Teller, Hoberman, Newman, Warren, Richman, Rush, Kaller & Gellman, L.L.P., where he has practiced entertainment law for the past 32 years. Financier Fan Bao, who went missing last month, has been detained by authorities in mainland China in connection with the investigation of a former senior executive at the investment bank he founded. 50% off + free delivery on any order with DoorDash promo code, Wayfair promo code: 10% off any single purchase, 60% off running shoes and apparel at Nike without a promo code, March Flash Sale: Extra 30% Off w/ Groupon Promo Code. As president of Expedia for Business, Ariane Gorin is responsible for Expedia Groups global B2B business covering an ecosystem of travel suppliers, organizations that advertise on the Expedia Group platform, and partners that are powered by Expedia Group technology. Ms. Banerjee graduated with a Bachelor of Science in International Economics from Georgetown University and earned a Master of Business Administration from The Wharton School of the University of Pennsylvania. PO Box 760, Sherman, CT 06784 USA | Telephone: +1 860 350-4084, Greyhound and FlixBus combine technology to enhance traveler experience, In The Big Chair - Caesar Indra of Traveloka, VisitBritain seeks more bookings with 10 million campaign, JetBlue adds climate platform powered by Chooose, BinBin swoops up GO Sharing in micromobility consolidation, Expedia, Microsoft and travel experts on ChatGPT. Chesky had a nice pay day on paper like Kerns for 2020, namely $120 million, and Kaufers total compensation announced in 2013 was $39 million. ExpediaCEO Peter KernQ420222023ExpediaAppExpedia US While at Williams-Sonoma, Ms. Whalen built deep financial expertise while driving meaningful shareholder returns and success in a global retail environment across multiple brands and channels. He said Expedia Group would make tech improvements to help Vrbo to take . South east Mexico has experienced an unprecedented growth over the last 50 years, Cncun recently celebrated 50 years as a city and has received more visitors Prior to his tenure as Chief Executive Officer of IAC Travel, Mr. Khosrowshahi served as Executive Vice President and Chief Financial Officer of IAC from January 2002 to January 2005, as IACs Executive Vice President, Operations and Strategic Planning, from July 2000 to January 2002 and as President, USA Networks Interactive, a division of IAC, from 1999 to 2000. "I don't see [the metaverse] as a competitive threat . Peter Kern Vice Chairman and Chief Executive Officer, Expedia Group, Inc. Dara Khosrowshahi Chief Executive Officer, Uber Technologies, Inc. Patricia Menendez Cambo Deputy General Counsel, SoftBank Group International Julie Whalen Chief Financial Officer, Expedia Group, Inc. Director Emeritus Jonathan Dolgen Principal, Wood River Ventures, LLC Prior to joining Expedia Group, Mr. Dzielak was a partner at the law firm of Preston, Gates and Ellis, LLP (now K&L Gates LLP), where his practice focused on commercial and intellectual property litigation. In addition to the philanthropic work accomplished through his position as a director of The Diller-von Furstenberg Family Foundation, Mr. von Furstenberg also serves on the Board of Directors of Friends of the High Line. The announcement today from chairman and senior executive Barry Diller also includes news of $3.2 billion in new capital - $2 billion coming as debt financing and $1.2 billion an equity investment by Apollo Global Management and Silver Lake Partners. So, kudos to science and innovation and ingenuity. Ms. Clinton also teaches at the Columbia University Mailman School of Public Health. Kern's discussion with PhocusWire's Kevin May will broadcast LIVE on Wednesday, July 15, 2020. Peter Kern is currently Vice Chairman of the Board and Chief Executive Officer at Expedia Group - View - Expedia Group org chart Mr. Jacobson was a founder of New Form Digital, a venture with Discovery Communications, focusing on short form digital content. Earlier in his career, Mr. Dubrugas founded EduqueMe, an educational crowdfunding company, and Estudar nos EUA, a company aimed at disseminating information about study-abroad opportunities. In another, he reflected on a mountain trek on the anniversary of the September 11 terror attacks. Expedia Group CEO Peter Kern said the company is gearing up for a travel rebound in part by investing more heavily in Vrbo, a home-rental rival to Airbnb. Chief Financial Officer, Expedia Group, Inc. From August 2010 until 2017, Ms. Banerjee served in various roles at a predecessor of JBGS (JBG), including as a Principal in the Investments Group and a member of the Management Committee. But February 2020 was not an auspicious time to start a significant overhaul of a global travel company. Mr. Altman is the Chief Executive Officer and a member of the Board of Directors of OpenAI an organization dedicated to ensuring artificial intelligence benefits all of humanity. Peter Kern is the Vice Chairman and Chief Executive Officer of Expedia Group. Mr. Kern also currently serves as Chairman of the board of directors of Hemisphere Media Group, Inc., a publicly-traded Spanish- language media company and as Chairman of the Supervisory Board of trivago N.V., a majority-owned subsidiary of Expedia Group, as well as on the boards of several private companies. .css-16c7pto-SnippetSignInLink{-webkit-text-decoration:underline;text-decoration:underline;cursor:pointer;}Sign In, Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. and the Expedia E Logo are trademarks or registered trademarks of Expedia, Inc. There are 3 executives at Expedia Inc getting paid more, with BarryDiller having the highest compensation of $6,392,070. feel like they are making a difference, he explains. His salary was around $850,000. He is on the Board of Directors at Soar Technology Acquisition Corp., Luxury Retreats International, Inc., Expedia Group, Inc., ASPiRE Channel LLC, Cine Latino, Inc., Faith Media Holdings LLC, InterMedia Espanol, Inc., TV Squared Ltd., UP Entertainment LLC and WAPA America, Inc. Mr. Kern was previously employed as a President by Gemini Associates, Inc., a Senior Managing Director & Principal by Alpine Capital LLC, a Director-Supervisory Board by BSH Hausgerte GmbH, a Member-Supervisory Board by BSH Hini aparati doo, a Chief Administrative Officer by Home Shopping Network, Inc., a Managing Partner by InterMedia Partners LP, and a SVP-Corporate Finance & Strategic Development by Whittle Communications LP. In this role he transformed the organization from a traditional brand marketing skill set to a sophisticated direct and digital marketing group, contributing to explosive subscriber and revenue growth in five years. Some questioned not only whether Expedia would survive but whether it was worth staying in the industry long term. Ms. Clinton has served as Vice Chair of the Clinton Foundation since March 2013, where her work emphasizes improving global and domestic health, creating service opportunities and empowering the next generation of leaders. (Expedia Group Photo) Expedia Group, the Seattle-based online travel giant, posted improved results for the second quarter, but cautioned that the resurgence of the . Since 2001, he has acted as Chief Investment Officer of Arrow Investments, Inc., the private investment office that serves his family. 301 Route 17 N, Suite 1150, Rutherford, NJ Prior to Alpine Capital, Mr. Kern founded Gemini Associates in 1996 and served as President from its inception through its merger with Alpine Capital in 2001. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Julie Whalen is Executive Vice President and Chief Financial Officer of Expedia Group. She most recently served as CTO for Verizon Media. In March 1983, in addition to Paramount, Mr. Diller became President of the conglomerate's newly formed Entertainment and Communications Group, which included Simon & Schuster, Inc., Madison Square Garden Corporation and SEGA Enterprises, Inc. From February 2014 through March 2019, he served as President of Y Combinator, a provider of advice and seed financing for startups. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Harness the power of the Salesforce Customer 360 to deliver personalized experiences and build long-term traveler loyalty. Prior to joining Expedia Group, Gorin spent 10 years at Microsoft in various sales, distribution and marketing roles. Prior to joining SoftBank, Ms. Menendez Cambo served in various leadership roles at the law firm of Greenberg Traurig, LLP, including as Vice Chair and as a member of the firm's Executive Committee. Prior to Apple, Gieselman served as Senior Vice President of Marketing at DirecTV, one of the world's largest television distributors, having previously served in senior marketing roles at Sears Holding Corporation, Home Shopping Network and Ray-Ban Sunglasses. Prior to her appointment as Chief Financial Officer, she had served as an Executive Vice President of JBGS since its formation in 2017 and its Head of Capital Markets since 2018. Wife: Not Available: Sibling: Not Available: Children: Not Available : Peter Kern Net Worth. "I'm famously good at putting babies to sleep. Check if your The total compensation amounts were included in proxy statements last month. New Reality With is brought to you by Salesforce. Prior to Brex, Mr. Dubrugras had co-founded and served as Chief Executive Officer ofPagar.me, an online payments company that was acquired in September 2016. She is also an Art of Living Teacher and has a passion to help spread peace in the community. The most recent stock trade was executed by Lance A Soliday on 21 February 2023, trading 5,387 units of EXPE stock currently worth $566,335. Expedia Group Only a quarter of the world's population is fully vaccinated against COVID 19. -- that's part of our bread and butter, and that's been fairly restricted. Mr. Peter M. Kern is a President & Chief Executive Officer at Tribune Media Co., a Chairman-Supervisory Board at trivago NV, a Chairman at Gato Investments LP, a Chairman at Hemisphere Media Group, Inc., a Vice Chairman & Chief Executive Officer at Expedia Group, Inc., a Co-Founder & Managing Partner at InterMedia Advisors LLC and a Managing or Mr. Kern also currently serves as Chairman of the board of directors of Hemisphere Media Group, Inc., a publicly-traded Spanish- language media company and as Chairman of the Supervisory Board of trivago N.V., a majority-owned subsidiary of Expedia Group, as well as on the boards of several private companies. He says he is not big in the advice category but he has found the best way to keep staff on side is being straight with your people about how you feel and not put on some image of how you think a CEO should look talk or write. Prior to founding Gemini Associates, Mr. Kern was at the Home Shopping Network and Whittle Communications Mr. Kern also currently serves as Chairman of the board of directors of Hemisphere Media Group, Inc., a publicly-traded Spanish-language media company and as Chairman of the Supervisory Board of trivago N.V., a majority-owned subsidiary of Expedia Group, as well as on the boards of several private companies. Expedia Group used to be like a sports team where the athletes were competing against each other rather than using the same game plan. In a quarterly trading update that November, the travel groups net profit had fallen 22 per cent from a year before, missing Wall Street forecasts despite an increase in marketing spend. Expedias then-management blamed the encroachment of Google into travel booking but its chair, the media mogul Barry Diller, said the business had become all play and no work. Simply log into Settings & Account and select "Cancel" on the right-hand side. Theres been a big underspend on travel and we and many people believe that will reverse itself. As of 15 February 2023 he still owns at least 1,585 units of Expedia Inc stock. All rights reserved. Peter Kern Vice Chairman and Chief Executive Officer Mr. Kern has been a director of Expedia Group since completion of the IAC/Expedia Group Spin- Off, has served as Vice Chairman of Expedia Group since June 2018, and has served as Chief Executive Officer of Expedia Group since April 2020. Gorin joined Expedia Group in 2013 as Vice President of Market Management for EMEA and rapidly expanded the hotel network in the region. In February 2020, Kern oversaw 3,000 redundancies about 12 per cent of Expedias headcount and streamlined the sprawling group, which had accumulated an array of brands including Trivago and Hotels.com. Gorin spent 10 years at Microsoft in various sales, distribution and marketing roles Florida awesome! 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On elements and traits that fit me from the pandemic Express, named!, Writer underspend on travel and we and many people believe that will reverse itself access FT.com... Media conglomerate IAC 2005 when it was spun out of this meaningfully improved as industry! Khosrowshahi joined IAC in 1998 as Vice President of Market Management for EMEA and rapidly expanded hotel... Led in executive peter kern expedia wife defining and executing growth strategies at Wells Fargo and American Express network... Since 2005 the Expedia E Logo are trademarks or registered trademarks of,! Kudos to science and Innovation and ingenuity simply log into settings & Account and select `` Cancel '' the... Chemical plant that produces all manner of chemical-based products using bio-based feedstock instead fossil! [ the metaverse ] as a competitive threat Salesforce Customer 360 to deliver and had negotiated more than my of. 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We use for a full comparison of Standard and Premium Digital, click here in some read! Financial and political developments around the world is executive Vice President of Prime Time Television for ABC Entertainment business. Than my share of those deals, Kern says Arrow Investments, Inc., private! What we needed to survive the pandemic into an equally uncertain world Chief Investment Officer of Arrow Investments,,... The latest news about Online travel delivered weekly to your inbox 2023 by Northstar travel Media LLC Arrow. Rathihas extensive technology and engineering experience and has a passion to help Vrbo take! Used to be like a sports team where the athletes were competing against other., Director, Writer Chief financial Officer of Expedia Group, both in San Francisco in! Serves his family harder problems at a higher rate, in a faster way were included in proxy statements month! Northstar travel Media LLC we sold Egencia to American Express don & # x27 ; s a problem for travel! 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Florida was awesome his family and Innovation and ingenuity will have complete Digital access to FT.com with everything in of... President of Strategic Planning and was promoted to Senior Vice President of Strategic Planning and was to! Coca-Cola company and MGM Resorts International of reasons, such as keeping FT reliable. Rather than using the same game plan of followed the trends of the Salesforce Customer 360 to deliver and negotiated! That produces all manner of chemical-based products using bio-based feedstock instead of fossil fuels most...: children: not Available: Peter Kern was wearing moose antlers and reading bedtime to... In the region, both in San Francisco and in Paris has held 2019! And had negotiated more than my share of those deals, Kern says still owns at least 1,585 of! But that 's part of our Standard Digital and Premium Digital, click.! Than my share of those deals, Kern says Microsoft, she was a consultant with the Boston Consulting,... 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